One of the Most Important Order-Winning Criteria for Service Firms

question 87

Multiple Choice

One of the most important order-winning criteria for service firms is ______.

• A)to operate at economies of scale
• B)to have customer convenience
• C)to have excess capacity available
• D)to have idle capacity

Understand the behavior of risk-averse individuals and their strategies to manage risk.

Analyze the effects of diversification and the pooling of risk on reducing economic uncertainty.

Evaluate the implications of changes in risk aversion on insurance markets and premiums.

Distinguish between the demanders and suppliers of insurance based on their attitudes towards risk.